Bitcoin Exchange Flow Multiple nears yearly low, signs of 'upward trend'
The Bitcoin exchange-flow multiple value is now at a similar low point as when BTC price rallied around 46% in 2023.
Related Posts
Launch of real-world use-case sparks 162% rise in OriginTrail’s TRAC token
The global supply chain continues to struggle to get back on track following a tumultuous three years that have witnessed clogged shipping ports and a breakdown of the just-in-time delivery system. One blockchain project looking to help solve some of these issues while also facilitating the transition to Web3 is OriginTrail (TRAC), a logistics and supply…
El Salvador’s national Bitcoin chief has been orange-pilling Argentina
The head of El Salvador’s new crypto commission started his Bitcoin journey in 2013 and continues it today.
Crypto Biz: X payment system, Block moves into Bitcoin mining and more
This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more.
Bitcoin ETF race gets hotter as ARK Invest adds surveillance agreement to application
ARK Invest and 21Shares' third application for a spot Bitcoin ETF now includes a surveillance sharing agreement. ARK Investment Management has amended its spot Bitcoin exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC), making it similar to BlackRock's recent filing. The amendments include a surveillance sharing agreement with the Chicago Mercantile Exchange…
Kraken aims for restricted dealer registration in Canada to comply with new rules
In February, Canadian Securities Administrators announced enhanced investor protection requirements for crypto asset traders. 44 Total views 3 Total shares Own this piece of history Collect this article as an NFTCrypto exchange Kraken has filed a preregistration undertaking with the Ontario Securities Commission in Canada seeking restricted dealer status. U.S.-based Kraken is already active in…
Bitcoin’s Low Volatility Signals Bottoming as ‘Speculation Leaves,’ Bloomberg Analyst Says
Bloomberg’s analysts have joined the ranks of experts who consider that Bitcoin (BTC)’s low volatility levels recently signal the coin is finding a bottom, according to an analysis published Oct. 24.Data analyzed by Bloomberg reveals that in October, BTC had only one day of price swings of (+/-) 5 percent or more; as compared with…
Tencent shuts down NFT platform as gov policy makes it impossible to thrive
While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector. 67 Total views 10 Total shares China’s internet giant Tencent has reportedly shut down one of the two nonfungible token (NFT) platforms owing to declining sales aided by the regressive monetary policies of the…
NFL Star Russell Okung Backs Bitcoin Rewards Startup
Russell Okung, an NFL player for the Los Angeles Chargers, is backing the Bitcoin rewards app and debit card Fold. 317 Total views 10 Total shares Okung Ventures, the venture startup founded by NFL star Russell Okung, is backing Bitcoin (BTC) loyalty outfit Fold to help crypto holders earn BTC as well as spend it.The…